NEW YORK (GenomeWeb) – Danaher today announced a definitive merger agreement to purchase Pall in an all-cash deal totaling approximately $13.8 billion.

Under the terms of the deal, which is expected to be completed around the end of the year, Danaher will pay $127.20 for each share of Pall's stock. The $13.8 billion price tag includes assumed debt and is net of acquired cash. The boards of Danaher and Pall have unanimously approved the merger.